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Not approved broker by binaryoptionsthatsuck.com
6.8
  • UKOptions

  • Bonus: up to 100%
  • Options Payout: 70-82%
  • Rating: 6.8 / 10
Broker Name: UKOptions
Platform: SpotOption
Founded: 2013
Bonus: up to 100%
Return/Refund: 70-82%/0-5%
UKOptions Overview
No. Of Assests: 70
Regulated:   No
Demo Account: No
Minimum Deposit: 250
US Traders:   Not Accepted
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UKOptions Review

Editor’s Note – Why Does UKOptions Suck in 50 Words

UKOptions might suck because it is just one more of hundreds of SpotOptions white labels. This one is based in the UK but so what? There are at least a dozen of other SpotOption white labels out there that are (1)CySEC regulated and (2)come with years of history, and(3) bring something extra to the table. I didn’t find one thing here that you can’t get somewhere else, and a couple things you can’t find here that maybe you should.

 

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Why Doesn’t UKOptions Suck in 50 Words

Once again, this broker might not suck because it is a SpotOption white label… SpotOption is one of my favorite platforms simply because of the vast array of expiry choices available, and a huge asset list, and all the top forms of trading binary.

 

 

Full Review Of UKOptions – Just Another “British” Face In The Crowd

UKOptions is a SpotOption white label operating in the UK. The broker is operated by WorldWideTech Limited and built on the Spot2 platform. This platform is a slightly more advanced than its predecessor and has the most available features, the trick is finding a broker that uses them all. UKOptions does a pretty good job but like I said before, you can find all of this stuff on at least a dozen CySEC brokers if not more. The platform supports the full run of SpotOption options including high/low, 60 seconds, one touch, ladders, pairs and long term expiry. High/low is the standard digital binary options and encompasses the short term 60 second options, the standard daily expiry as well as the long term expiry. One touch options require the asset to touch target price levels only once while ladders and pairs are a little more advanced.

 

Ladder options differ from standard binary in that they come with set strike prices, not the assets price at the time in which you enter into a trade. This means that there are at-the-money options, in-the-money options and out-of-the-money options, creating multiple opportunities for trading. Traders pick whether the asset will close above or below the strike at expiration with those options farther out of the money paying a higher return. Pairs are another advanced form of trading and are similar to forex. Two stocks, or indices, or commodities or a combination of any, are tracked together. Traders bet on whether one will outperform the other during the life of the option.

 

The asset list is ridiculously long, like with all SpotOption brokers. There are dozens of forex pairs, at least a hundred stock names, indices from around the world and the most commonly traded commodities. These pair up with the excellent choices of expiry available with this platform which include short term options ranging from 60 seconds to 5 minutes, to one hour, end of the day, end of the next day, end of the week, next week, end of the month and on out for up to 6 months or more for some assets. Payouts range from 70% to 85% for standard high/low trading and up well over 100% and more for ladders and touch options.

 

 

Is UKOptions A Scam?

Well, I can’t really be sure of anything those days… I couldn’t locate any serious complaints regarding this broker. They are not regulated, and although based in London they are operated by a company based in St. Vincent. I won’t say this is a scam, I will say – there are better options.

 

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UKOptions Complaints

Most of what I could find in the way of UKoptions complaints/comments looked more like affiliate marketing BS to me than anything else. I didn’t find any real serious complaints but as the broker is still relatively new and unknown that is not too surprising. I will be checking back with this one in a few months just to to be sure.

 

UKOptions Bonuses

Bonuses are available with this broker. They have a 40X trade volume minimum, on the bonus amount only, and some time restrictions as well, depending on which bonus you get. They offer first time deposit bonuses as well as risk-free-trades and other incentives. Unlike most CySEC brokers, this one does not permit withdrawal of any amount until the entire bonus terms have been met.

 

UKOptions Withdrawal

Withdrawals are standard for the industry. The allow withdrawal to credit card, wire transfers and with eWallets. Supported eWallets include Skrill, Neteller, CashU and others. There are not withdrawals fees for credit cards or eWallets but each wire will cost you $25. Minimum for withdrawal is $100.

 

 

UKOptions Ratings

User Friendly 17/20

This broker gets a decent score for user friendliness, not because they do such a great job, but because the platform they are based on does such a great job. SpotOption is a very user friendly platform and one that is easy to use. I wonder… Why do they need more than 1 language if they’re tagged as UKOptions?

 

No of Assets And Expiry Times 17/20

Again, a high score but not because they earned it on their own. SpotOptions has one of the largest lists of assets, the most different types of trading styles and the most versatile expiry. If this were the only thing to base a broker by UKOptions would be top notch…too bad it isn’t. There are about 70-80 assets, time frames from 30 seconds to 300 minutes. Not enough longer expiries.

 

Commissions, Support and Effective Returns 12/20

Not such a good score here. This is a white label and dependent on the same customer services as all the other SpotOptions white labels out there. Commissions are non-existent, as with all binary brokers, and effective returns are only average at best. Support never found a time to take care of me, too bad. High/low trades run in the range of 70%(low) to 82%(average). No out-of-money refund, although I see some kind of “protected amount” thing.

 

Deposit, Payment and Bonus 17/20

Average here as well. They accept CC, wire and eWallet but still take up to 10 days to pay out. Minimum deposit is $250, minimum withdrawal is only $100. Bonuses are available and have an average volume minimum, 40X bonus amount. The negative here, in terms of regulated brokers, is that they do not allow any withdrawal until the bonus terms are met.

 

Website Extra’s 5/20

This one was hard to judge, there are some extra’s here, the platform is good. The thing is it is a white label, there are dozens of brokers with the same features, so is it really extra?

 

 

UKOptions Overall Rating: 68/100

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